Australian sub prime mortgage market. | Page 48 | FerrariChat

Australian sub prime mortgage market.

Discussion in 'Australia' started by Arvin Grajau, Aug 11, 2007.

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  1. jeffQV

    jeffQV F1 Rookie

    Feb 13, 2004
    2,976
    NZ
    Full Name:
    jeff
    back on topic (huge very drunken yawn) Bluestone have pulled out of all lending in NZ and I understand in Oz too. That leaves Liberty over here as the sole real supporter of non-bank consumers....average rate 13%!
     
  2. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,781
    Melbourne, Australia
    Full Name:
    Brett
    13%. Wow, thats high. I remember getting 17% for my money in the bank back in 89. Was at the ANZ in Papakura.
     
  3. jeffQV

    jeffQV F1 Rookie

    Feb 13, 2004
    2,976
    NZ
    Full Name:
    jeff
    Talking to the locals I believe the highest rate went to 21% in about 91. I remember paying 15% in the UK at that time and it hurt. The problem this time around is that all lenders are tightening up which means fewer people can get what they want and the whole market slows down. I'm doing heaps of debt consolidation at the mo and quite often people are no better off because the high rates and high loan to values make it prohibitive. Beginning to seed lots of signs here, boats for sale, holiday homes for sale, luxury cars for sale, inc F-cars and no buyers. I write some stuff for the papers and I think I'm in tomorrows Herald on Sunday....I wonder how they will twist what I said!!!
     
  4. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap


    I noticed NOT too long ago there were around 80 Ferraris for sale on Carpoint.com.au, now there are 120 Ferraris for sale on Carpoint.com.au. :p:p
     
  5. jeffQV

    jeffQV F1 Rookie

    Feb 13, 2004
    2,976
    NZ
    Full Name:
    jeff
    and still no buyers!
     
  6. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap


    100% correct!! :):)
     
  7. Kimi

    Kimi Rookie

    May 1, 2007
    10
    Brisbane
    Full Name:
    Shane
    There are still quite a few left in Australia, but they're struggling for funding.
     
  8. jeffQV

    jeffQV F1 Rookie

    Feb 13, 2004
    2,976
    NZ
    Full Name:
    jeff
    same all over, UK hit really really hard too. mind you todays paper says things are on the up, so they must be :D
     
  9. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,674
    Full Name:
    Mike
  10. b27

    b27 F1 World Champ

    Oct 11, 2007
    15,781
    Melbourne, Australia
    Full Name:
    Brett
  11. ASIO

    ASIO Formula 3
    BANNED

    Dec 15, 2006
    1,996
    Its on the way.....

    From the multi millionaire ex PM and part time pig farmer:

    "This is the Recession that Australia had to have"

    http://www.youtube.com/watch?v=ms0A0QnHaYs

    If the dollar falls, and oil [with the full flow on effect] is up, its game on.

    Lets just get it over with and move on, Castello can come back and fix the mess up!

    Ciao

    M
     
  12. wrxmike

    wrxmike Moderator
    Moderator Owner

    Mar 20, 2004
    7,674
    Full Name:
    Mike
    I always wondered how you become a multi millionaire when all you have ever had is a union official's or politician's salary.
    He never did reveal that secret.

    M
     
  13. kerrari

    kerrari Two Time F1 World Champ

    Oct 22, 2004
    24,033
    Coolum Beach AUSTRALIA
    Full Name:
    Karen H.
  14. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,324
    Wurundjeri man.
    Full Name:
    Arvin Grajau
    Keating owns a 48 foot bridge deck Halvorsen and a Bentley S3 Flying Spur.
    I laugh at all those whom voted for him.
     
  15. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    was he still trying to explain the GST to Mike Willisee ??

    I liked him but he was all at sea with that one .... didn't he use to drive one of those $80k HOS Ferraris ?
     
  16. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    35,417
    Brisvegas
    Full Name:
    Jon
    $30k, it was a 308GT4. :D
     
  17. waz356

    waz356 F1 Rookie

    Dec 5, 2005
    3,710
    Adelaide
    Full Name:
    warren
    Fixed (for PP) :D
     
  18. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,324
    Wurundjeri man.
    Full Name:
    Arvin Grajau
    GAY?
     
  19. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,324
    Wurundjeri man.
    Full Name:
    Arvin Grajau
    ANOTHER FICK IT.
     
  20. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    35,417
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    Full Name:
    Jon
    Interesting childhood, apparently. :D
     
  21. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,324
    Wurundjeri man.
    Full Name:
    Arvin Grajau
    tell more,
     
  22. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    not even for spare parts !!
     
  23. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,324
    Wurundjeri man.
    Full Name:
    Arvin Grajau
    ohos = 308 GT4
    HOS = GTB328
    MHOS = 355 CH.
     
  24. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    59,757
    Australia
    Full Name:
    John
    Bentley=mistake
    Aston=big mistake
    RR=the biggest mistake
     
  25. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    35,417
    Brisvegas
    Full Name:
    Jon
    253 schools.
     

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